MAUI OCEANFRONT REAL ESTATE UPDATE

November 16th, 2006

459 Front Street in Lahaina has closed for $3.775 million. This home is small at 1140 square feet but sits on a very large 16,000 square foot lot. Oceanfront inventory across Maui County stands at 69 properties, with approximately 25 of those being vacant lots. Several new listings have appeared in the last week. 7640 Makena Road, a spectacular retreat in Makena has been listed for $6.495 million, 1433 Front Street in Lahaina, an older home, is asking $2.9 million and 263 Kalua Koi Road on Molokai, a beachfront lot of almost six acres is listed for $2.5 million.

 

As the winter season arrives, we expect oceanfront activity to pick up significantly.